DFX Intelligence

RIA Intelligence

Registered investment advisers, the advisors registered through them, the capital they report, the private vehicles they run and the people who own them, as a graph with a filing date behind every number. RAUM is what the adviser filed, a move is two registration dates, and a class is a rule you can read.

Former SEC-registered adviser

First Western Advisors

Former SEC-registered adviserHolladay, UtahCRD 13623SEC 801-58158IAPD
Latest filing Apr 25, 2019
First filing on the tape Mar 30, 2012 · 24 filings
RAUM
$262M
reported, Item 5.F
Discretionary
99%
of RAUM
Private clients
99%
$260M individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
20
15 advisory (5.B.1)
Offices
2
beyond the principal office
Private funds
0
reported on Schedule D
History
24 filings and snapshots on the tape
RAUM$262M as of Mar 31, 2019
Mar 30, 2012$413M then
HNW client RAUM$69.2M as of Mar 31, 2019
Mar 30, 2018$99.1M then
State-registered IARs (5.B.3)15 as of Mar 31, 2019
Mar 28, 20138 then
Employees (5.A)20 as of Mar 31, 2019
Mar 28, 20138 then
Private funds: no history
RAUM -7.7% over the last fiscal year+6.9% a year over threeIARs 17 to 15
Practice profile
derived from the filing of Apr 25, 2019; every figure names its basis
RAUM per advisor
$17.5MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
110derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$1.7MderivedHNW RAUM over HNW clients
Average account
$157,379derivedRAUM over accounts (5.F.2.f)
Discretionary
99%derivedof RAUM
Institutional
0.6%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
1.3derivedItem 5.A over advisors
Advisors per office
5.0derived3 offices incl. principal (1.F.5)
RAUM growth, one year
-7.7%derivedbetween the last two annual amendments
Advisor growth, one year
-12%derivedItem 5.B.3 between annual amendments
Client growth, one year
+3.8%derived
Compensation
percentage of assetsreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, selection of other advisersreportedItem 5.G
Wrap fee program
$142MreportedItem 5.I
Ownership
no PE, bank or public-company owner found on Schedule Aderived
Advisor book size
not public; not estimatedreported
Also answered yes on Form ADV
  • is a broker-dealer (6.A.1)
  • is an insurance broker or agent (6.A.6)
  • buys or sells securities as principal to or from clients (8.A.2)
  • has discretionary authority over which securities are bought or sold (8.C.1)
  • receives research or other products from a broker-dealer, soft dollars (8.E)
  • has custody of client securities (9.A.1.b)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Individuals$191M73%
  • High-net-worth individuals$69.2M26%
  • Pension and profit-sharing plans$1.6M0.6%
  • Corporations and businesses$229,1570.1%
Individual clients
1,607reported
HNW clients
41reported
Pension plan clients
0reported
Charitable clients
0reported
Accounts
1,664reported
Financial planning clients
51-100reported
Wrap fee programs
$0 sponsored, $0 managedreported
Custody of client assets
noreported
Compensation
% of AUMreported
Class basis
absent from the latest SEC rosterderived
Advisors registered through the firm
0 on IAPD today, longest tenure first
No representative is registered through this CRD on IAPD.
Advisor movement
Left, latest
Joined, latest
Every departureEvery arrival
Teams: two or more advisors moving together within fourteen days, from one state
    Teams outTeams in
    Private funds
    No private fund reported.
    Owners and control persons
    Schedule A and B, latest filing
    • Gary Wayne Teran · President / Director / Ceocontrol
      since 10/1997 · owns 5% to 10%
    • Gary Wayne Teran · General Membercontrol
      since 12/2000 · owns 25% to 50% of Carmel Sands, LLC
    • Lisa I Teran · General Membercontrol
      since 12/2000 · owns 25% to 50% of Carmel Sands, LLC
    • Dee Allen Andersen · Director
      since 12/2012 · owns less than 5%
    • Kirk Wattis Burton · Director
      since 08/2012 · owns less than 5%
    • Brian Eddington Gundersen · Director
      since 08/2012 · owns less than 5%
    • Michael A. Hoer · Director
      since 08/2012 · owns less than 5%
    • Robert C Lunnen · Director
      since 10/1997 · owns less than 5%
    • Mark W. Pugsley · Director
      since 08/2012 · owns less than 5%
    • David Holt Smart · Director
      since 12/2012 · owns less than 5%
    • Jeffrey Wayne Teran · Finop
      since 10/2011 · owns less than 5%
    • William David Wade · Director
      since 08/2012 · owns less than 5%
    • Emily Marva Wallace · Secretary / Treasurer / Director
      since 09/2003 · owns less than 5%
    • Guy David Weisenburger · Director
      since 08/2012 · owns less than 5%
    Entity owners
    • Carmel Sands, LLC · Member
      direct · owns 75% or more
    Related persons
    Schedule D 7.A
    No related person reported.
    Offices
    Schedule D 1.F, the 25 largest
    • Salt Lake City, UT1 employees
    • Farmington, UT1 employees
    What changed
    consecutive filings, newest first
    • Accounts · 1,607 to 1,664
      Oct 1, 2018 to Mar 31, 2019
    • Advisory employees · 17 to 15
      Oct 1, 2018 to Mar 31, 2019
    • BD registered reps · 20 to 17
      Oct 1, 2018 to Mar 31, 2019
    • Corporate clients · 20 to 16
      Oct 1, 2018 to Mar 31, 2019
    • HNW clients · 72 to 41
      Oct 1, 2018 to Mar 31, 2019
    • Individual clients · 1,515 to 1,607
      Oct 1, 2018 to Mar 31, 2019
    • Assets in custody · $3.0M to $3.9M
      Oct 1, 2018 to Mar 31, 2019
    • Employees · 22 to 20
      Oct 1, 2018 to Mar 31, 2019
    • State-registered IARs · 17 to 15
      Oct 1, 2018 to Mar 31, 2019
    • Discretionary RAUM · $284M to $260M
      Oct 1, 2018 to Mar 31, 2019
    • HNW RAUM · $99.1M to $69.2M
      Oct 1, 2018 to Mar 31, 2019
    • Individual RAUM · $168M to $191M
      Oct 1, 2018 to Mar 31, 2019
    • Non-discretionary RAUM · $0 to $1.6M
      Oct 1, 2018 to Mar 31, 2019
    • Pension RAUM · $0 to $1.6M
      Oct 1, 2018 to Mar 31, 2019
    • RAUM · $284M to $262M
      Oct 1, 2018 to Mar 31, 2019
    • Accounts · 1,538 to 1,607
      Mar 31, 2017 to Mar 30, 2018
    • Advisory employees · 18 to 17
      Mar 31, 2017 to Mar 30, 2018
    • Advisory activities · 5 to 3
      Mar 31, 2017 to Mar 30, 2018
    • BD registered reps · 17 to 20
      Mar 31, 2017 to Mar 30, 2018
    • Charity clients · unset to 0.0
      Mar 31, 2017 to Mar 30, 2018
    • Corporate clients · unset to 20.0
      Mar 31, 2017 to Mar 30, 2018
    • HNW clients · unset to 72.0
      Mar 31, 2017 to Mar 30, 2018
    • Individual clients · unset to 1515.0
      Mar 31, 2017 to Mar 30, 2018
    • Pension plan clients · unset to 0.0
      Mar 31, 2017 to Mar 30, 2018
    • Pooled vehicle clients · unset to 0.0
      Mar 31, 2017 to Mar 30, 2018
    • Assets in custody · unset to 3003804.0
      Mar 31, 2017 to Mar 30, 2018
    • Employees · 20 to 22
      Mar 31, 2017 to Mar 30, 2018
    • Financial planning clients · 0 to 51-100
      Mar 31, 2017 to Mar 30, 2018
    • State-registered IARs · 18 to 17
      Mar 31, 2017 to Mar 30, 2018
    • Other offices · unset to 2.0
      Mar 31, 2017 to Mar 30, 2018
    • Discretionary RAUM · $251M to $284M
      Mar 31, 2017 to Mar 30, 2018
    • HNW RAUM · unset to 99140747.0
      Mar 31, 2017 to Mar 30, 2018
    • Individual RAUM · unset to 168303963.0
      Mar 31, 2017 to Mar 30, 2018
    • Non-discretionary RAUM · $19.8M to $0
      Mar 31, 2017 to Mar 30, 2018
    • Pension RAUM · unset to 0.0
      Mar 31, 2017 to Mar 30, 2018
    • Pooled vehicle RAUM · unset to 0.0
      Mar 31, 2017 to Mar 30, 2018
    • RAUM · $270M to $284M
      Mar 31, 2017 to Mar 30, 2018
    • Wrap assets (manager) · unset to 0.0
      Mar 31, 2017 to Mar 30, 2018
    • Wrap assets (sponsor) · unset to 0.0
      Mar 31, 2017 to Mar 30, 2018
    • Accounts · 1,624 to 1,538
      Feb 6, 2017 to Mar 31, 2017
    Signals
    No event on the tape.
    Across DFX
    shared identifiers only, never a name match
    No identifier-backed link to the venture, private equity, family office or sponsor graphs.
    Provenance
    Form ADV
    SEC filing data 2011 to 2024 and the monthly roster 2025 onreportedadviserinfo.sec.gov
    Advisors
    IAPD individual compilation feed, dailyreportedadviserinfo.sec.gov
    Class
    Former SEC-registered adviserderiveda rule over Items 5.D and 7.A
    RAUM per advisor
    n/aderivedfirm RAUM over the IAPD count; not a book size
    Loaded
    Sep 14, 2026